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    309 Hill Street

    Oxnard, CA 93033
    • $5,300,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: V1-7050
    UPDATED: 82 min ago
    $5,300,000
    • 0
      BEDS
    • 0.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    309 Hill Street, Oxnard is part of a six-property Ventura County multifamily property portfolio, that has undergone extensive renovation, is being offered individually, or in any combination of one or more of the available six, the total units of which is 76. Currently, there are no vacancies, and all rents are at market rates. Those six properties, three of which are located in Oxnard, with the other three properties located in Saticoy, Santa Paula, and Fillmore. Their addresses, unit count and list prices follow: OXNARD -- 310 Hill Street, 20 units, $5,200,000; 309 Hill Street, 23 units and one leased store; 264 Johnson Road, 10 units, $5,300,000 VENTURA - 11412 Nardo Street, 6 units, $1,360,000 SANTA PAULA - 114 S. Olive Street, 6 units, $1,825,000 FILLMORE - 330-332 Fillmore Street, 10 units, $2,200,000. 309 Hill Street, This property, with an approximate 11,229 square-foot of net leasable area, is comprised of 23 residential units and one leased commercial corner store. The property has a generous amount of income diversification. Not only is income generated from the residential units, but additional income is generated from the leased corner mini-store, as well as the two (2) garage spaces, three (3) storage units, and the laundry room. These various income sources produce an gross annual income of $412,764 and produces an 4.4% cap rate and a 12.8 GRM.

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    Based on information from CRISNet MLS as of 2021-08-03T23:56:11.573. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-03T23:56:11.573. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/119241328
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    309 Hill Street Oxnard, CA 93033

    • Price: $5,300,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: V1-7050
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.85
    Acres
    1958
    Built
    Neighborhood:
    Oxnard: Other - 0034
    County:
    Ventura
    Area:
    Vc34 - Oxnard - Southeast
    Property Description
    309 Hill Street, Oxnard is part of a six-property Ventura County multifamily property portfolio, that has undergone extensive renovation, is being offered individually, or in any combination of one or more of the available six, the total units of which is 76. Currently, there are no vacancies, and all rents are at market rates. Those six properties, three of which are located in Oxnard, with the other three properties located in Saticoy, Santa Paula, and Fillmore. Their addresses, unit count and list prices follow: OXNARD -- 310 Hill Street, 20 units, $5,200,000; 309 Hill Street, 23 units and one leased store; 264 Johnson Road, 10 units, $5,300,000 VENTURA - 11412 Nardo Street, 6 units, $1,360,000 SANTA PAULA - 114 S. Olive Street, 6 units, $1,825,000 FILLMORE - 330-332 Fillmore Street, 10 units, $2,200,000. 309 Hill Street, This property, with an approximate 11,229 square-foot of net leasable area, is comprised of 23 residential units and one leased commercial corner store. The property has a generous amount of income diversification. Not only is income generated from the residential units, but additional income is generated from the leased corner mini-store, as well as the two (2) garage spaces, three (3) storage units, and the laundry room. These various income sources produce an gross annual income of $412,764 and produces an 4.4% cap rate and a 12.8 GRM.
    Exterior Features

    Fence YN No Fencing None Lot Features Sprinklers None Lot Size Area 37026.0000 Parking Features Assigned Parking Total 0.00 Parking YN Yes View None View YN No

    Interior Features

    Appliances Gas Range Appliances YN Yes Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes Laundry Features Community Laundry YN Yes

    Property Features

    Community Features SidewalksStreet Lights Fuel Expense 6785.00 Gross Income 412764.00 Gross Multiplier 12.80 Gross Scheduled Income 412764.00 Insurance Expense 10500.00 Land Lease YN No Net Operating Income 220643.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 179737.00 Pool Features None Pool Private YN No Property Attached YN No Rent Control YN Yes Senior Community YN No Spa Features None Spa YN No Special Listing Conditions Standard Subdivision Name Other Oxnard: Other - 0034 Total Expenses 179737.00 Trash Expense 8937.00 Water Sewer Expense 26652.00

    Listing provided courtesy of Craig Lieberman, CA DRE# , of Ais Property Management Services.


    Based on information from CRISNet MLS as of 2021-08-03T23:56:11.573. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-03T23:56:11.573. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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